8146 78 AV NW

King Edward Park, Edmonton · MLS® E4499646

1,255 sq ft · House · Single Family · built 1950 · 99 days on market

listed by Helison Aniyi, Alta-Pro Realty

realtor's description

Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex.

property details

type: House, Single Family
bedrooms: 4
bathrooms: 2
living area: 1,255 sq ft
parking: 0
year built: 1950
days on market: 99
MLS®: E4499646

features

Washer
Refrigerator
Stove
Dryer

city assessment

$407,500

2026 assessment · market value as of July 1, 2025

Up 4.4% from $390,500 in 2025
$387,000 in 2016 (5% over ten years)
Asking price is 7% below the assessment
Built 1950
Lot 508 m² (5,464 sq ft)
Floor area on the roll 1,238 sq ft

roll year	assessed
2026	$407,500
2025	$390,500
2024	$356,000
2023	$373,000
2022	$364,000
2021	$357,500
2020	$363,000
2019	$391,500

From City of Edmonton open data (property assessments), matched to 8146 78 AVENUE NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $4,223 a year

The 2026 assessment times Edmonton's 2026 residential rate of 10.36 per $1,000 (municipal and education).

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$1,651/mo

Mortgage $1,651

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,651/ monthly

loan $303,200

25-year amortization

down payment20% · $75,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $192,180
land title fees: $785; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $76,585; down + land title fees
total paid: $495,380

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

King Edward Park, EdmontonGoogle Maps ↗

Rapid transit: Bonnie Doon LRT station, 600 m (about 9 min walk); Avonmore LRT station, 600 m (about 9 min walk).

schools

Catchment schools, Edmonton Public Schools

Elementary K to Gr 9 Avonmorehomes in this catchment
24563.5 km away · 7835 - 76 Avenue NW, Edmonton · (780) 466-2976 · website
Middle Gr 7-9 Kenilworthhomes in this catchment
24563.8 km away · 7005 - 89 Avenue NW, Edmonton · (780) 466-2104 · website
Secondary Gr 10-12 McNallyhomes in this catchment
24566.1 km away · 8440 - 105 Avenue NW, Edmonton · (780) 469-0442 · website

From the Edmonton Public Schools's published catchment maps (2021, the latest published). A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.